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U.S. negotiators at talks to renew the North American Free Trade Agreement on Friday formally asked Canada to address a bilateral dispute over dairy pricing, a request the Canadians are set to resist, sources familiar with the talks said.
“We do not see supply management as being on the table,” spokeswoman Isabelle Bouchard wrote in an e-mail, noting the government of Prime Minister Justin Trudeau has frequently promised to defend the dairy sector.
Concerns were apparent as Canadian Prime Minister Justin Trudeau met with Trump in Washington while trade negotiators from the U.S., Canada and Mexico gathered here on the other side of the Potomac River.
Negotiations to remake the North American Free Trade Agreement resumed Wednesday amid increasing concerns of a breakdown, with President Trump continuing to threaten to withdraw from the pact and the administration planning to push several contentious proposals across the table over the next few days.
The leaders of Mexico and Canada on Thursday pledged to work toward a renegotiation of the North American Free Trade Agreement (NAFTA) even as talks taking place in the United States turned sour due to hard-line U.S. demands.
Speaking in Mexico City as a fourth round of talks to rehash NAFTA was held near Washington, Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto said they were committed to a “win-win-win” deal. The talks in the United States hit obstacles, with tensions increasing dramatically Thursday due to U.S. demands that include adding a so-called “sunset clause” to NAFTA that would force negotiations of the $1 trillion pact every five years.
Mr. Trump has criticized Nafta for creating an unfair playing field, allowing Mexico to steal jobs from the United States and opening the border to cheap, tariff-free goods.
A withdrawal from Nafta could set the stage for a new trade pact with the three countries, or perhaps a bilateral trade deal with Mexico and an updated agreement with Canada. The United States tariff on passenger cars is only 2.5 percent, so if Nafta falls apart it may be more cost-effective for companies to make cars in Asia.
The proposal for a so-called sunset clause - just one of a series of U.S. initiatives that are opposed by NAFTA partners Canada and Mexico - only served to increase uncertainty about the future of the deal.
The U.S. side proposed the sunset clause late on Wednesday during the fourth of seven scheduled rounds to update the rules governing one of the world’s biggest trade blocs, said two officials, who asked not to be identified because the talks are confidential.
The NAFTA talks have now entered their most difficult phase with the United States beginning to drop its bombshell proposals on the negotiating table at a just-begun fourth round outside Washington.
Justin Trudeau heads to Mexico after Trump says it’s ‘possible’ NAFTA agreement won’t be met. The just-released demand would create a so-called termination clause. U.S. officials had foreshadowed that this week-long round would see the most contentious discussions open and that is coming to fruition, with the American side levelling one demand deemed a non-starter – and preparing to deliver another one.
In comments made at the White House with Justin Trudeau, prime minister of Canada, ahead of the start of fourth round of talks, Trump warned it was “possible” that the US would drop out of the 1994 deal. “I think Justin understands this, if we can’t make a deal, it’ll be terminated and that will be fine,” Trump said.
The North American Free Trade Agreement could be on the verge of disintegration after coming under sustained attack from Donald Trump, a longtime critic of the three-nation deal.
U.S. President Donald Trump said on Wednesday he was open to bilateral trade pacts with either Canada or Mexico if a three-way deal cannot be reached to substantially revise the North American Free Trade Agreement.
Asked by a reporter if he could envision maintaining free trade with Canada if NAFTA talks sour with Mexico, Trump said: “Oh sure, absolutely. It’s possible we won’t be able to reach a deal with one or the other, but in the meantime we’ll make a deal with one.”
Few clues emerged from President Donald Trump’s meeting with Canadian Prime Minister Justin Trudeau on Wednesday about the uncertain future of the North American Free Trade Agreement (NAFTA).
Guillermo Vogel, a steel company executive, co-chaired the event in Mexico, which included closed-door talks regarding NAFTA with Foreign Minister Luis Videgaray and Economy Minister Idelfonso Guajardo, who are responsible for Mexico’s involvement in the negotiations, Reuters reported.
Mr Trudeau said he "highlighted to the president how much we disagree vehemently" on the decision to impose anti-dumping duties.
Replying to a question, Mr Trump said he said he would consider a trade pact with Canada minus Mexico, adding that both the US and Canada wanted to protect their workers. The current round of talks on renegotiating the trade bloc is reported to be stalling, with Mexico opposing a US move to increase the percentage of US-made components in car manufacturing.
Canadian Prime Minister Justin Trudeau visited the White House on Wednesday seeking a new “fairer trade” deal among the United States, Canada and Mexico amid growing alarm from business leaders that President Trump is leaning toward jettisoning the North American Free Trade Agreement in favor of bilateral accords. In a news briefing at the Canadian Embassy, Trudeau insisted that maintaining the trade deal between the United States, Canada and Mexico would “produce better outcomes for the citizens of all three countries,” enabling North American businesses to compete more effectively in the global market.
US President Donald Trump on Wednesday warned his Canadian counterpart Justin Trudeau that talks to revamp the North American Free Trade Agreement (NAFTA) could fail, effectively terminating the 25-year old trade pact. Hosting the Canadian prime minister at the Oval Office, Trump said the US had "a tough negotiation" over NAFTA ahead, which also includes Mexico, adding that it had to be fair to all countries.
Trudeau wrapped up his visit to Washington on Wednesday by saying that he continues to believe that renegotiating and renewing NAFTA is the best option for all three countries.
During his earlier visit to the White House, Trudeau listened intently as U.S. President Donald Trump hinted at the possibility of a free trade deal directly with Canada, should the ongoing talks collapse. But the U.S. president also said it's too early to give up on the negotiations, which resumed Wednesday in Alexandria, Va., with negotiators from Canada, the U.S. and Mexico.
The administration has been seeking to ensure that more auto production be made in America to receive Nafta benefits, that more government contracts in the Nafta bloc go to U.S. companies and that Nafta expires unless the countries agreed every few years to extend it.
In a speech Tuesday in Mexico City, Thomas Donohue, president of the US Chamber of Commerce, vowed: "We're going to fight like hell to protect the agreement."
This column provides a daily update on key presidential actions as well as comments, whether spoken aloud or on Twitter, by President Trump.
Like the stock market, the deadline for Trump Today action is 4 p.m. Eastern Time, even as we acknowledge that substantive news can and does occur after hours. President Donald Trump threatened NBC on Wednesday after saying the network aired a false story about him, discussed trade with Canadian Prime Minister Justin Trudeau at the White House, and prepared to give a tax speech in Pennsylvania.
Donald Trump has welcomed Prime Minister Justin Trudeau to the White House by hinting at the possibility of a free trade deal directly with America's northern neighbour, should ongoing NAFTA talks collapse.
It's no secret that the president is not a fan of NAFTA, but Wednesday's remarks suggest he's open to the possibility of a bilateral trade deal with Canada. Trudeau, meanwhile, was far less bearish on the fate of NAFTA, saying the economies of the two countries have long been closely intertwined.
Mr. Trump is known for taking a tough negotiating stance, and analysts said the administration might view its ambitious opening requests as a way to gain more leverage in the Nafta negotiations.
Business leaders have become spooked by the increasing odds of the trade deal’s demise, and on Monday, more than 310 state and local chambers of commerce sent a letter to the administration urging the United States to remain in Nafta.
With Ivanka Trump looking on, Prime Minister Justin Trudeau explained why he’s hoping to get her father to include progressive ideas like protections for women, the environment, and labour in a new NAFTA agreement, while acknowledging that some provisions might be “aspirational” and non-binding.
The prime minister found himself in the awkward position of being asked to comment on his relationship with Donald Trump on a stage at a Washington gala while the president’s daughter was seated at a front table, 15 metres away.
Thomas J. Barrack Jr., a billionaire who is one of President Trump’s oldest friends, had spent weeks trying to smooth the way for a May presidential meeting in Saudi Arabia with Gulf leaders.
It was Barrack who persuaded Trump to hire political operative Paul Manafort — whom Barrack first met in Beirut 40 years ago — for the presidential campaign. Trump never publicly criticized Barrack for the advice, even as Manafort came under investigation by special counsel Robert S. Mueller III in a probe examining whether the campaign colluded with Russia.
Prime Minister Justin Trudeau will sit down with President Donald Trump.today to seek common ground as uncertainty looms over the future of NAFTA.
Trudeau and Trump are to meet at the White House as round four of talks to revamp the North American Free Trade Agreement get underway a few kilometres away in Arlington, V.A. But Trump has repeatedly signalled he’s rather rip up the deal before renegotiating it, casting a pall over the talks.